Preferred           &       -2.39\sym{*}  &       -2.38\sym{*}  &       -1.39         &       -4.41\sym{**} &       -4.20\sym{**} &       -1.54         \\
                    &      (1.26)         &      (1.35)         &      (1.16)         &      (2.09)         &      (1.89)         &      (1.22)         \\
Pessimistic         &       -0.03         &       -0.71         &       -1.63         &       -0.74         &       -4.78\sym{***}&       -0.89         \\
                    &      (1.24)         &      (1.32)         &      (1.02)         &      (2.17)         &      (1.80)         &      (1.32)         \\
Pess. \(\times\) Pref.&        4.55\sym{**} &        4.21\sym{**} &        1.48         &       11.30\sym{***}&        7.70\sym{***}&        2.67         \\
                    &      (1.83)         &      (1.95)         &      (1.59)         &      (3.12)         &      (2.88)         &      (1.86)         \\
Observations        &       1,577         &       1,577         &       1,577         &         863         &         863         &         863         \\
Adj. R\(^2\)        &        0.09         &        0.13         &        0.12         &        0.21         &        0.12         &        0.09         \\
Mean of Dep. Var.   &       -1.40         &       -2.36         &       -0.04         &       -2.90         &       -2.61         &       -1.57         \\
St. Dev. of Dep. Var.&       17.98         &       19.52         &       15.98         &       20.89         &       18.36         &       12.53         \\
